Singapore October Industrial Output Flat Despite Biomedical Push

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output was flat in October despite a push from the volatile pharmaceutical sector as production in other sectors lagged. Output rose 0.2% on year in October, preliminary figures released on Wednesday show, falling far short ...

Retail Deal Spans Europe And Africa

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

(FROM THE WALL STREET JOURNAL 11/26/14) By Matina Stevis and Ian Walker Furniture retailer Steinhoff International Holdings Ltd. is acquiring fellow South African retailer Pepkor Holdings Proprietary Ltd. for 62.8 billion South African rand ($5.7 billion), as it aims to ...

BOJ Shirai Says Extra Action Was Justified

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

HIROSHIMA, Japan--A member of the Bank of Japan policy board whose vote helped tip the scales in favor of recent action said the latest stimulus was justified to keep inflation on track toward its target and deliver on the bank's ...

Oil Trades Near Multi-Year Lows After Overnight Slump

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Eric Yep Crude-oil futures were weak in Asian trade Wednesday after sharp overnight losses and traders said large price swings will continue as markets lap up news headlines in the run up to OPEC's meeting in Vienna on Thursday. ...

Congressional Talks on Tax Breaks Stall

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent a handful of temporary tax breaks ...

Congressional Talks On Tax Breaks Stall -- Update

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Kristina Peterson and Damian Paletta WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent ...

Dollar Tad Lower Ahead of U.S. Holiday

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Hiroyuki Kachi The dollar was slightly lower against the yen in quiet rangebound Asian trade Wednesday, with investors reluctant to move aggressively ahead of the U.S. Thanksgiving holiday. As of 0450 GMT, the dollar was at Y117.82 from Y117.95 ...

Samsung to Sell Stakes in Chemical, Defense Units for $1.7 Billion

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Min-Jeong Lee SEOUL--Samsung Group said on Wednesday it will sell controlling stakes in its chemical and defense units for 1.9 trillion won ($1.7 billion) as South Korea's largest conglomerate continues restructuring moves ahead of an expected leadership succession. Samsung ...

Is India now fully valued? -- Barron's Asia

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Alexander Redman and Arun Sai In our view, one of the questions foremost on most Global Emerging Market (GEM) investors' minds is whether India is now fully valued. We believe not. On first inspection we find that Indian equities ...

Jefferies Bumps Up Against Big Rivals as It Looks to Expand

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Ianthe Jeanne Dugan And Telis Demos Benjamin Lorello, Jefferies LLC's investment-banking chief, spent years cultivating his relationship with executives at Sirona Dental Systems Inc., helping the small-but-promising health-care company raise money and providing advice on acquisitions. But when Sirona ...

Discover Sues Visa Over Debit-Card Practices

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Robin Sidel Discover Financial Services Inc. filed a lawsuit in federal court against Visa Inc., accusing its card-network rival of anticompetitive practices in its debit-card business. The lawsuit, filed Tuesday, contends that Visa is "undertaking illegal behavior to fend ...

German Economy Grows Slightly

TODAY: Nov. 26, 2014 PUB DATE: Nov. 25, 2014

By Emese Bartha FRANKFURT--The German economy grew slightly in the third quarter, the Federal Statistics Office said Tuesday, keeping pressure on policy makers to go ahead with measures to provide stimulus. In adjusted terms, Germany's gross domestic product rose 0.1% ...

PBOC Cuts 14-Day Repurchase Agreement Rate

TODAY: Nov. 26, 2014 PUB DATE: Nov. 25, 2014

SHANGHAI--China's central bank cut its 14-day repurchase-agreement rate offered Tuesday by 20 basis points to 3.20%, in response to its benchmark interest-rate cut Friday. The repo-rate cut, the third since September, will help to guide market interest rates lower. It ...

Singapore Government Expects Mild Contraction in Exports in 2014

TODAY: Nov. 26, 2014 PUB DATE: Nov. 25, 2014

By Gaurav Raghuvanshi SINGAPORE--The Singapore government expects exports to contract this year after a lackluster performance in the first nine months. Exports may recover a little next year amid hopes of growth in the U.S., although other key markets in ...

South Africa's Economic Growth Continues to Decline

TODAY: Nov. 26, 2014 PUB DATE: Nov. 25, 2014

By Patrick McGroarty JOHANNESBURG--South Africa's economy expanded less than expected in the third quarter, putting the continent's most developed economy among other big emerging-market peers that are failing to bring about a hoped-for global recovery. Gross domestic product in South ...

MARKET SNAPSHOT: U.S. Stocks: Futures Rise After GDP Data

TODAY: Nov. 26, 2014 PUB DATE: Nov. 25, 2014

By Anora Mahmudova and Sara Sjolin, MarketWatch Tiffany falls 1.4% premarket after reporting earnings NEW YORK (MarketWatch) -- U.S. stocks looked set to extend their record run on Tuesday, with futures moving higher after an upward revision to GDP data. ...

Bundesbank Warns German Banks of Overexposure To Urban Property Market

TODAY: Nov. 26, 2014 PUB DATE: Nov. 25, 2014

FRANKFURT--The vice president of Germany's central bank has warned that banks' willingness to fully finance house purchases in the country's big cities could ultimately hit their profits significantly, should urban real estate prices start to slide. Bundesbank deputy Claudia Buch ...